$Boeing(BA)$ πΊπ π ±οΈUΝLΝLΝIΝSΝHΝππΊ
π«βοΈβοΈ$BA: Ready for Takeoff! π«βοΈβοΈ
Kia ora Tiger traders!
Boeing ($BA) is breaking free from the doom loop, and Iβm already up +3.29% on my position πβ¨ Letβs dive into the setup and recent news:
π Recent Update:
Last week, Boeing restarted production of its best-selling 737 MAX jetliner, following the end of a seven-week strike by 33,000 factory workers βοΈβοΈ. This pivotal development has ignited investor confidence, with U.S.-listed shares surging 5% on Tuesday ππ₯
π Short-Term Target:
$BA is gaining momentum, with a potential second-half chair squeeze to $183 πͺπ₯ Bulls are clearly in control, and this breakout is accelerating as it nears key resistance levels.
π― Long-Term Projection:
Looking ahead to 2025, $BA is tracking toward $217 π The bullish recovery pattern aligns perfectly with historical trends, paving the way for significant upside πβ¨
π Chart Analysis Highlights:
β’ $BAβs descending channel is resolving into a bullish breakout formation.
β’ Higher lows and strong support levels indicate building strength.
β’ Volume spikes could drive price action toward $183 near-term and beyond π‘
π¬ Are you on board with Boeingβs recovery? Are you trading the short-term squeeze or holding for the long-term ride? Letβs strategise!
Cheers to locking in gains and flying high! βοΈππππ
Happy trading ahead! Cheers BC πβοΈπππ
@Tiger_comments @TigerStars @TigerPicks @TigerObserver @Daily_Discussion @TigerPM @TigerGPT
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Boeing (BA) Stock Analysis
Here's a comprehensive analysis of Boeing (BA) based on various dimensions:
Business Overview: Boeing is a well-known aerospace company engaged in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human spaceflight, and more. As a key player in the aerospace industry, Boeing is expected to benefit from the growing global demand for air travel and defense products.
Earnings and Forecast: For the fiscal year 2024, Boeing is forecasted to report an earnings per share (EPS) of -16.10 USD. However, the earnings forecast for the fiscal year 2025 shows an improvement with an EPS of 0.46 USD. Looking further ahead to 2026, the EPS is projected to increase significantly to 4.60 USD. These forecasts suggest a recovery in Boeing's earnings and potential growth in the coming years.
Trends and Support/Resistance Levels: Boeing's stock price as of December 11, 2024, is 164.64 USD. The stock has shown resilience with a recent support level of 152.73 USD and a resistance level of 157.13 USD on December 9, 2024. This indicates that the stock has been trading within a range and may experience a breakout if it surpasses the resistance level.
Analyst Viewpoints and Target Price: Analysts have varying recommendations for Boeing stock, with 6 recommending, 11 buying, 10 holding, 2 underperforming, and 1 selling. As for the target price, 25 analysts forecast a mean target estimate of 181.1648 USD, with a low estimate of 85.0 USD and a high estimate of 250.0 USD. These target prices reflect the analysts' projections for Boeing's future performance.
Capital Flow Data: In the past 5 days, Boeing has experienced fluctuations in capital flow. On December 4, 2024, there was a significant inflow of 62,303.04 thousand units, while on December 5, 2024, there was a notable outflow of 25,942.67 thousand units. It's essential to consider these capital flow trends as they can influence the stock's price dynamics.
Recent Earnings Result: For the third quarter of 2024, Boeing reported an EPS of -9.97 USD. Other key financial indicators include a gross profit margin of -19.66%, quick ratio of 0.24, current ratio of 1.12, and return on investment of -37.85%. These figures indicate the current financial performance of the company.
News Impact: The recent news regarding Boeing restarting its production of the 737 MAX jetliner is viewed positively by investors and has contributed to the surge in the company's stock price. However, it's important to note that stock prices can be influenced by various factors, including market sentiment and industry trends.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. It's crucial to understand that investing in the stock market involves inherent risks and that stock prices can fluctuate based on various factors. Investors should conduct their own research and exercise independent judgment before making investment decisions.
Overall, Boeing's recovery prospects are supported by positive developments and improved earnings forecasts. However, it's important to closely monitor the performance of the company, market trends, and any news that may impact the stock.
π«π«π« Great write up BC! πππ
Fly baby, fly! πππβοΈβοΈβοΈπΈπΈπΈ
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Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?